Dhaka Stock Exchange (DSE) witnessed upward trend on the third trading day of the week on Tuesday. On the premier bourse, turnover, an important indicator of the market, stood at Tk 1,139.31 crore. The DSEX in the country's main bourse stood at 5,836 points increasing 27 points. The DSE Shariah Index (DSES) reached 1,330 points rising 4 points. The DS30 index increasing 3 points to stand at 2,029…

Unlike most Chinese smartphone manufacturers who are “one portfolio” players, South Korean giant Samsung does not see India from one lens and one portfolio and believes in serving all consumers across price points, stresses Asim Warsi, Global Vice President, Samsung India. Gearing up to launch two smartphones — M10 for around Rs 9,500 and M20 for nearly Rs 15,000 — with industry-first…

The 24th Dhaka International Trade Fair (DITF-2019) unveiled today at Sher-E-Bangla Nagar, adjacent to Bangabandhu International Conference Centre (BICC), in the city. President M Abdul Hamid is expected to inaugurate the month-long fair organised jointly by the Commerce Ministry and Export Promotion Bureau (EPB). President Abdul Hamid and Prime Minister Sheikh Hasina issued separate messages wishing…

Apple’s bombshell news — a sharply weaker revenue outlook and lower iPhone sales — has raised questions over the future of the California giant, which until recently had been seen as the undisputed innovation leader in the tech sector. Apple’s rare admission on Wednesday cited steeper-than-expected “economic deceleration” in China and emerging markets and noted…

Expatriate Bangladeshis sent US$ 7491.29 million remittances during the first six months of the current fiscal 2018-19, which is apparent 8.06 per cent higher than the same period of the preceding year, a Bangladesh Bank (BB) data said today. The country received US$6,932.36 million remittances during July to December in 2017-18 financial year, the data added. “The flow of remittances into the…

The Supreme Court on Thursday vacated its stay on the Centre’s 2015 action seeking damages of Rs 640 crore from Nestle India limited – the manufacturer of Maggi noodles – for alleged unfair trade practices, false labelling and misleading advertisements. The class action is rooted in the case of alleged high lead content and presence of MSG (monosodium glutamate) in Nestle’s…

Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the market, a Reuters poll showed on Monday. A survey of 32 economists and analysts forecasts the North Sea Brent crude oil benchmark will average $69.13 per barrel in 2019, more than $5 lower than last month’s…

India has cut import taxes on crude and refined palm oil from Southeast Asian (Asean) countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world's biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable oil and competitors such as soyoil and sunflower oil. The duty…

The lottery for allotting ordinary shares under an initial public offering (IPO) of Bashundhara Paper Mills Ltd (BPML) was held at International Convention City Bashundhara (ICCB) in the city on Wednesday. The results of the long-awaited IPO lottery will be available on the websites of DSE, CSE and Bashundhara Paper Mills. A consultation wing of the Electrical and Electronic Engineering Department…

Bashundhara Group (BG) Managing Director Sayem Sobhan Anvir has called for increase in trade and commerce between Bangladesh and the United States. He made the view in a meeting with representatives from the US Embassy in Dhaka on Thursday. Two officials of the US embassy made a visit to media outlets of East West Media Group Limited (EWMGL) at Bashundhara residential area in the capital. It may be…

Zurich: GlaxoSmithKline will buy Novartis`s 36.5 percent stake in their consumer healthcare joint venture for $13.0 billion in cash, the partners said on Tuesday. The deal is set to complete in the second quarter subject to the necessary approvals. GSK said the transaction with Novartis was expected to add to adjusted earnings from 2018 and to strengthen cash flow generation. It said it would also…

The United States did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organization compliance panel said in a ruling on Wednesday that either side can appeal within 20 days. China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind towers, steel cylinders and aluminium extrusions.…

The dollar slipped to a three-year low against a basket of currencies on Friday, headed for its biggest weekly loss in two years, as bearish factors offset support the U.S. currency could take from rising Treasury yields. Extending overnight losses, the dollar’s index against a group of six major currencies lost about 0.2 percent to 88.378, the lowest since December 2014. The index was on track…